Unaudited Financial Results for the quarter ended 30-06-2025
Awaiting price reaction for this filing.
Quasar India Ltd reported a sharp collapse in its Q1 FY26 trading business, with revenue from operations falling to just Rs. 17.00 lacs from Rs. 1,124.12 lacs in the same quarter last year — a drop of nearly 98.5%. The company slipped into a loss with a Profit After Tax of negative Rs. 12.33 lacs, compared to a profit of Rs. 76.75 lacs in Q1 FY25. Basic and diluted EPS turned negative at Rs. -0.02, versus Rs. 1.43 a year ago. Total expenses were also much lower at Rs. 29.33 lacs versus Rs. 1,020.40 lacs, driven by reduced purchases of stock-in-trade and inventory adjustments. The auditor (J. Singh & Associates) issued an unmodified limited review report with no qualifications or emphasis of matter.
This is a clearly negative quarter for shareholders — the near-total revenue wipeout suggests the trading segment has essentially gone dormant in Q1, and the company has moved from profit to loss. Investors should watch whether Q2 shows any revival in trading activity, as the steep decline raises concerns about the sustainability of the core business.